ADM to Acquire Soybean Crushing Facility, Form Partnership for Biodiesel Business In Missouri

05 Apr 2011 --- Prairie Pride, Inc. is a new-generation producer cooperative formed to convert soybeans into biodiesel fuel and soy meal. The facility began producing biodiesel in late 2007 and processing soybeans in August 2008.

4/5/2011 --- Archer Daniels Midland Company (ADM) has announced plans to acquire a soybean crushing and biodiesel facility in Deerfield, Mo., from Prairie Pride, Inc. ADM will also form a partnership with Prairie Pride for the biodiesel portion of the business.
 
“The acquisition of Prairie Pride’s soybean facility and partnership for the biodiesel business were attractive to us because they are aligned with our growth strategy and fit well within our integrated business model,” said Matthew J. Jansen, president, Global Oilseeds. “We look forward to working with the 1,000 farmers of Prairie Pride to transform soybeans into food, feed and fuel products used by consumers and businesses around the world every day. And we look forward to becoming a part of the Vernon County community.”

Prairie Pride, Inc. is a new-generation producer cooperative formed to convert soybeans into biodiesel fuel and soy meal. The facility began producing biodiesel in late 2007 and processing soybeans in August 2008.
 

Related Articles

Food Ingredients News

ADM pursues agro merger with Bunge

22 Jan 2018 --- US agribusiness Archer Daniels Midland (ADM) has approached Bunge about a potential takeover, which could set up a bidding war with Swiss-based rival Glencore Plc. The takeover could combine two of the world's four largest grain trading houses. ADM's approach comes just months after commodities trader Glencore proposed a partnership with Bunge, setting the scene for a bidding war.

Business News

Pea protein surge: Cargill invests in Puris, the largest North American producer

18 Jan 2018 --- With the rapid rise in consumer demand for plant-based protein, PURIS, the largest North American producer of pea protein, and Cargill have signed a joint venture agreement to accelerate a new wave of “great tasting, sustainable and label-friendly plant-based foods.” The joint venture is closed as of Tuesday (January 16, 2018). Cargill is a minority investor in PURIS’s pea protein business, with Cargill financially backing PURIS for growth into the future.

Food Ingredients News

New naked barley “Buck”: the modern version of an ancient grain

18 Jan 2018 --- A new “naked” variety of barley has been bred by a US research team who are breathing new life into an ancient grain creating a hybrid that produces higher yields and needs less water and fertilizer to flourish.

Food Ingredients News

Malaysian palm oil industry fights back against EU challenges

15 Jan 2018 --- The Malaysian Palm Oil Council (MPOC) is strengthening its fight against European Union recommendations and policy measures concerning palm oil with a strongly-worded position paper which criticizes and challenges the EU’s stance.

Food Ingredients News

Food prices down in December but averaged 8.2 percent higher than previous year

12 Jan 2018 --- Global food prices have declined in December, led by sharp decreases in vegetable oils and dairy products, according to the latest FAO Food Price Index issued yesterday. The index, a measure of the monthly change in international prices of a basket of food commodities, stood at 169.8 points in December 2017, down 3.3 percent from November.

More Articles